a farmer smiles while standing in front of his silos

Capital Cost Allowance for Farmers

Sep 17, 2020
If you need to buy a major capital asset like a building, machinery or equipment to use in your farming business, consider buying it before the end of your fiscal year to claim tax depreciation. Learn more about how to use the capital cost allowance (CCA) to reduce your income on your tax return.

Tags: Farm Taxes, Tax Consultation, Tax Planning, Tax Preparation

Continue Reading
a farmer leans against a tractor

Why you need a year-end tax plan

Aug 31, 2020
Year-end tax planning means working with your tax or financial advisor before the end of the year to analyze your financial exposure to various tax scenarios. That way you can move quickly to minimize any adverse effects of changes in tax structure.

Tags: Farm Taxes, Financial Planning, Tax Consultation, Tax Preparation

Continue Reading
a man writes on a notepad, calculating his work space from home expenses

Work-space-in-the-home expenses for remote employees

Jul 30, 2020
Right now, if an employee wants to claim work-space-in-the-home expenses, certain conditions must be met. Find out what the current rules are surrounding work-space-in-the-home expenses, what paperwork your employees will need and how they can claim this expense on their tax return.

Tags: Bookkeeping, Farm Taxes, Small Business Taxes, Tax Consultation, Tax Planning, Tax Preparation

Continue Reading
photo of the canadian flag

A guide to COVID-19 financial relief for small business

Mar 18, 2020
Read up-to-date information about all new federal programs that help small businesses impacted by COVID-19. You’ll also find links to free tools to help you with program applications.

Tags: member updates, covid-19 updates, government updates

Continue Reading
a blue graphic with the text: COVID-19

What your small business needs to know about COVID-19

Mar 17, 2020
On March 11, 2020, the World Health Organization declared the outbreak of the 2019 coronavirus disease (COVID-19) a pandemic. The World Health Organization says everyone must play a role to stop the spread of the disease. This includes businesses and employers.

Tags: Farm Taxes, Financial Planning, Small Business Taxes, Tax Preparation, Tax Planning, Tax Consultation, covid-19 updates

Continue Reading
A lighthouse in nova scotia with a sunset behind it

Nova Scotia Budget Report 2020

Feb 28, 2020
Starting April 1, 2020, the general corporate tax rate in Nova Scotia will decrease from 16% to 14%. The small business tax rate will decrease from 3% to 2.5%. Read the highlights from our tax analysts.

Tags: Tax Planning, Tax Consultation, Tax Preparation, Small Business Taxes, Farm Taxes, Trades Taxes

Continue Reading
BC Budget

B.C. Budget Report 2020

Feb 25, 2020
On Feb. 18, 2020, B.C. Finance Minister Carole presented the province’s fiscal 2020–21 budget. Our tax analysts have reviewed the updates and listed the highlights.

Tags:

Continue Reading
a white sign that says FBC Reviews on a corkboard background

FBC Reviews: February 2020

Feb 19, 2020
Read the latest FBC reviews to learn how we help our Members make life less taxing.

Tags: Farm Taxes, Small Business Taxes, Trades Taxes

Continue Reading
a photo of a visa gift card, which is a non-cash benefit in the eyes of the CRA

Taxing non-cash benefits to employees

Feb 05, 2020
A non-cash benefit includes a good, service or property you own that you give to your employee. If that property is paid for by you and provided to your employee, it is still considered a benefit of employment. Find out how these benefits are taxed.

Tags: Farm Taxes, Tax Consultation, Tax Planning, Tax Preparation, Trades Taxes

Continue Reading
a man with a work apron on is on his laptop

Free eBook: Tax Readiness Toolkit

Jan 27, 2020
Download a free tax readiness toolkit for small business owners.

Tags: Farm Taxes, Small Business Taxes , Trades Taxes, Tax Planning, Tax Preparation, Tax Consultation

Continue Reading